Nonetheless, the State Bond Commission approved the funding extension.

Legal or otherwise.

Not only must you know real estate laws and business, but you also need knowledge of the legal intricacies of foreclosures, divorces, probates, etc.

I reached out to them and became pre-approved for a certain amount.

., I definitely agree with the accounting piece, what are you thought on the legalities side of this.

They typically want earnest money as well as pre approval or proof of funds.I've heard of people leaving money on deposit with the agent.

To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

Here’s how to get itFor an unbiased legal opinion, consultant with an attorney whose fee isn’t contingent on outcome, or loading billable hoursFor an unbiased financial opinion, consultant with a FEE ONLY financial or FEE ONLY investment advisorFor an unbiased real estate opinion, consultant with a fee based consultant, preferably one who has obtained the CRE (counselors of real estate ) designation. 

I will also PM you, Allen, regarding the legal recourse question.

I'm sure others points about STR legality, etc., all is taken into consideration.